At the end of the year on December $31,2026,$ the company reports the following amounts:

In addition, the company had common stock of $$110,000$ at the beginning of the year and issued an additional $$12,000$ during the year.

The company also had retained earnings of $$14,300$ at the beginning of the year and paid dividends of $$4,700$ during the year.

Required:

Prepare the income statement for Driftwood Investments.

Prepare the statement of stockholders' equity for Driftwood Investments.

Prepare the balance sheet for Driftwood Investments.

Complete this question by entering your answers in the tabs below.

Prepare the income statement for Driftwood Investments.

DRIFTWOOD INVESTMENTS

Income Statement

For the year ended December $31,2026$